IMO at the end of drilling & logging they should b in a good situation to make a decision as to the net:gross sands if present in the twin targets on Z-1 & decide on a flow test. Wireline logs in conjunction with the realtime gas data will present a clearer picture as to what to do nxt.
Perhaps they may want to test it or simply suspend it as a gas discovery as has been done on most other gas/oil finds. Reason for that is they wouldn't want to damage the reservoir, thats a lesson MEP have from the Heron & Blkwood wells, where they had hole control issues. MEO spent a lot of money in fluid/formation control on the NT/P68 wells. however thats not the point here. The acreages are miles apart & we are dealing with different source rocks.
You could add KAR to yr watch list as they spud on the w'end, JV between ConocoP & KAR, the next most watched stock.
cheers
MEO Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
